Butterball acquisition creates a turkey titan

Nov. 1, 2006
Carolina Turkeys has completed the purchase of Butterball Turkey from ConAgra Foods Inc for $325 million. This acquisition repositions Mt Olive NC-based

Carolina Turkeys has completed the purchase of Butterball Turkey from ConAgra Foods Inc for $325 million.

This acquisition repositions Mt Olive NC-based Carolina Turkeys as a leading national turkey producer. The expanded company expects production to reach 1.4 billion pounds in 2006, or 20% of total turkey production in the United States. Effective Oct 2, 2006, Carolina Turkeys' company name has changed to Butterball LLC.

Besides the Butterball brand, Carolina Turkeys has acquired five processing plants in Huntsville AR, Ozark AR, Jonesboro AR, Carthage MO, and Longmont CO. These plants combined have more than 3,200 employees, though no layoffs are expected as a result of the acquisition.

Established in 1986, Carolina Turkeys is a joint venture of Smithfield Foods Inc and Maxwell Farms Inc, an affiliate of the Goldsboro Milling Co.

Sponsored Recommendations

Reducing CSA Violations & Increasing Safety With Advanced Trailer Telematics

Keep the roads safer with advanced trailer telematics. In this whitepaper, see how you can gain insights that lead to increased safety and reduced roadside incidents—keeping drivers...

80% Fewer Towable Accidents - 10 Key Strategies

After installing grille guards on all of their Class 8 trucks, a major Midwest fleet reported they had reduced their number of towable accidents by 80% post installation – including...

Proactive Fleet Safety: A Guide to Improved Efficiency and Profitability

Each year, carriers lose around 32.6 billion vehicle hours as a result of weather-related congestion. Discover how to shift from reactive to proactive, improve efficiency, and...

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!